27 chapters · 510 sections in this title.
19 GCA § 12104 Duties and Powers of Custodian
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(a) The custodian shall collect, hold, manage, invest and reinvest the custodian property. (b) The custodian shall pay over to the minor for expenditure by him, or expend for the minor=s benefit, so much of or all the custodial property as the custodian deems advisable for the su…
19 GCA § 12105 Custodian=s Expenses, Compensation, Bond and Liabilities
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(a) A custodian is entitled to reimbursement from the custodial property for his reasonable expenses incurred in the performance of his duties. (b) A custodian may act without compensation for his services. (c) Unless he is a donor, a custodian may receive from the custodial prop…
19 GCA § 12106 Exception of Third Persons from Liability
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No issuer, transfer agent, bank, life insurance company, broker or other person or financial institution acting on the instructions of or otherwise dealing with any person purporting to act as a donor or in the capacity of a custodian is responsible for determining whether the pe…
19 GCA § 12107 Resignation, Death or Removal of Custodian; Bond;
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Designation of Successor Custodian. (a) Only an adult member of the minor=s family, a guardian of the minor or a trust company is eligible to become [a] successor custodian. A custodian may designate his successor by executing and dating an instrument of designation before a subs…